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Use the Following Information to Calculate Cash Received from Dividends

Question 120

Multiple Choice

Use the following information to calculate cash received from dividends:  Dividends revenue $29,800 Dividends receivable, January 1 2,600 Dividends receivable, December 313,400\begin{array}{|l|r|}\hline \text { Dividends revenue } & \$ 29,800 \\\hline \text { Dividends receivable, January 1 } & 2,600 \\\hline \text { Dividends receivable, December } 31 & 3,400 \\\hline\end{array}


A) $26,400
B) $29,000
C) $29,800
D) $30,600
E) $32,400

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